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- The topic is about Quantitive analysis and decision making. Problem: A firm just completed a new plant that will producemore than 500 different products, using morethan 50 different production lines and machines.The production scheduling decisions are criticalin that sales will be lost if customer demands arenot meet on time. If no individual in the firmhas experience with this production operationand if new production schedule must begenerated each week, why should the firmconsider a quantitative approach to theproduction scheduling problem?1. Identify the missing TPS basic activity: data collection, data editing, data _________, data manipulation, data storage, and document production. 2. The amount of support for decision making that a TPS directly provides managers and workers is low. True or False? 3. Which of the following is not one of the basic components of a TPS? a. databases b. networks c. procedures d. analytical models 4. A form of TPS where business transactions are accumulated over a period of time and prepared for processing as a single unit is called _____________. 5. Capturing data at its source and recording it accurately in a timely fashion, with minimal manual effort, and in an electronic or digital form that can be directly entered into the computer are the principles behind _________. 6. Which of the following is a set of transaction processing systems sometimes referred to as the “lifeblood of the organization?” a. purchasing systems b. accounting systems c. order processing systems d. none of…33 The business function is defined as "planning, organization, execution, coordination and control activities in order to bring together the materials, machinery and human resources in the hands of the enterprise in a way that will ensure that a certain amount of goods or services are produced at the desired quality, at the desired time and at the lowest possible cost". which one? a) Production B) Financing NS) Human Resources D) Marketing TO) management
- What is educational about the article Wall Street Journal The Secret Oil-Trading Ring That Funds Russia’s War by by Joe Wallace? What is interesting about the article Wall Street Journal The Secret Oil-Trading Ring That Funds Russia’s War by by Joe Wallace? What is insightful about the article Wall Street Journal The Secret Oil-Trading Ring That Funds Russia’s War by by Joe Wallace? Article Link: The Secret Oil-Trading Ring That Funds Russia’s War -I need a detailed explanation and assistance to solve this proble: A client asks his stockbroker to invest $100,000 for maximum annual income, subject to the three conditions: Spread the investment over no more than three different stocks. Put no more than 40 percent of the money into any one stock Put a minimum of $10,000 into an oil stock. The broker has identified three stocks for investment. Their estimated annual returns per share and price per share are shown in the following table: Stock Price per Share Estimate Annual Return per Share Oil $120 $11 Auto $52 $4 Pharmaceutical $18 $2 The client wishes to use LP to determine the optimal number of shares to buy for each stock, so as to maximize the total estimated return. a) Write down the decision variables. b) Write down the optimization statement for the objective function. c) Write down the constraints.#3 Mention some drawbacks of the Linear Model?
- Which of the following controls most likely will be effective in offsetting the tendencyof sales personnel to maximize sales volume at the expense of high bad debt writeoffs?(1) Employees responsible for authorizing sales and bad debt write-offs are deniedaccess to cash.(2) Employees involved in the credit-granting function are separated from the salesfunction.(3) Shipping documents and sales invoices are matched by an employee who doesnot have the authority to write off bad debts.(4) Subsidiary accounts receivable records are reconciled to the control account byan employee independent of the authorization of credit.27) A company’s corporate office has to decide between investing capital in a given business as it in a high growth industry or divesting that business given its current low market share. The company business is represented by which of the following? a) A star b) A question mark c) A cash cow d A dogWhen composing a résumé without much relevant work history, the best thing to do with an unrelated part-time job is_____.
- Snyders of Hanover, which sells about 80 million bags of pretzels, snack chips, and organic snackitems each year, had its financial department use spreadsheets and manual processes for much of itsdata gathering and reporting. Snyder’s financial analyst would spend the entire final week of everymonth collecting spreadsheets from the heads of more than 50 departments worldwide. She wouldthen consolidate and reenter all the data into another spreadsheet, which would serve as the company’s monthly profit-and-loss statement. If a department needed to update its data after submittingthe spreadsheet to the main office, the analyst had to return the original spreadsheet, then wait for thedepartment to resubmit its data before finally submitting the updated data in the consolidated document.Assess the impact of this situation on business performance and management decision making.1. Classify each operations research model as prescriptive, descriptive, or both, by circling the most appropriate answer: Linear Programming: prescriptive descriptive both Assignment Problem prescriptive descriptive both Transportation Problem prescriptive descriptive both The Shortest-Path Problem prescriptive descriptive both The Minimum Spanning Tree prescriptive descriptive both Integer Programming prescriptive descriptive both Markov Chains prescriptive descriptive both Markov Decision Processes prescriptive descriptive both Queuing Models prescriptive descriptive both 2. From above list of OR models, answer the following in One Sentence each: For each of the following scenarios, please identify the most appropriate OR model. RPI is facilitating a mentorship program and wants to assign undergraduate students with graduate student mentors. There are more undergraduate students…A manufacturing company has the following financial information (in millions of $)Sales $562Cost of goods soldDirect labor 43Purchased materials 267Overhead 35All other costs 142Pretax earnings 75a. What is the profit leverage effect of purchasing in this company?b. What is the percent increase in earnings from a 5 percent savings in purchasing?